If your teacher do not put the value of the q all the letters will be 1 so: 1+5=6 (after you just simplify)
Answer:
On average the carnival gain on each play
= 0.04 dollars
Step-by-step explanation:
Given that a pond contains 100 fish: 78 purple, 21 blue, and 1 silver.
Fish Purple Blue Silver total
Frequency 78 21 1 100
Prob 0.78 0.21 0.01 1
Revenue 0.4 0.8 13
game fee 0.65 0.65 0.65
Net revenue -0.25 0.15 12.35
Net Rev*Prob -0.195 0.0315 0.1235 -0.04
Thus we get per player expected net revenue is -0.04
This would be gain for Carnival
Hence On average the carnival gain on each play
= 0.04 dollars
-1 will be your answer
rise over run
3-1 = 2
-4 + 1 = -3
2-1 = 1
-3 + 1 = -2
hope this helps
